Last Saturday’s Guardian newspaper featured an article on buying property in Florida and covered some of the reasons why Brits are looking to take the plunge now and grab themselves a holiday home in the Sunshine State.
As the Pound improves against the Dollar, many think that the present may be the best time to buy property in Florida, especially as prices have fallen so substantially and still remain low. Although there might not be many indications of prices rising in the near future, the idea of grabbing a bargain before it’s too late – meaning, before prices rise, whenever that may be – is key. Likewise, there may be many attractive bargains out there at the moment, but as more people snap them up there will be fewer and fewer attractive options for those looking to buy.
The article also mentions the ingenious foreclosure bus tours, which ferry people around numerous foreclosed properties in one day. The paper points out that these tours can be very valuable to foreign buyers, as not only can they easily see a number of properties in a short space of time, but the companies running such tours can guide them through the sometimes difficult process of buying property in Florida.
Also highlighted were the types of properties that can be found in three different areas of Florida – the Gulf Coast (near Tampa, specifically in Naples); the Atlantic Coast (Jacksonville, in the very north of Florida, near the state line); and in Central Florida (Orlando). Slightly strange that they chose not to feature anything in or near Miami, a place that surely must be a big draw for Brits!
Article: Florida: Bagging a bargain property in the sunshine state (1st August 2009, The Guardian)
1 comment:
Still too expensive for me!
Igor
Post a Comment